Middle East Economic Survey

VOL. LII

No 12

23-Mar-2009

LIBYA

Libya Secures First Ever Rating; Receives A-, A-2 From S&P

Libya has secured its first ever rating, receiving an A- long-term and A-2 short-term foreign and local currency rating (with a stable outlook) from Standard & Poors. Libyas move is in line with its ongoing economic reforms and attempts, since sanctions were lifted, to integrate itself back into the global community in a process which has already seen it open its doors to...